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Nov 16, 2012
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you ask yourself, what's it worth when boehner, pelosi, mcconnell, and reed all start talking nice to each other? it's worth 120 points on the dow. we're not far from the highs of the day. some hope we can get a modest rally. the vix has really collapsed going into the close. we're near the lows for the week on the vix. some of those closed end funds like pimco, high yield, phk also doing a little better today. finally, i'm going to mention home builders also a doing better on the day. back to you. >> okay. thank you very much, bob. well, thanksgiving is less than a week away, and the trend is growing for stores like walmart to be open for business that day. shoppers seem to love it, but workers, for obvious reasons, do not. >> yeah, some walmart workers are now pledging to walk out if they are forced to work on that holiday. walmart has already said they plan to open at 8:00 p.m. on thanksgiving. joining us now, a husband and wife, greg and charr lean fletcher, both employees of walmart. both scheduled to work different shifts on thanksgiving day. we welcome you. greg, you have said
you ask yourself, what's it worth when boehner, pelosi, mcconnell, and reed all start talking nice to each other? it's worth 120 points on the dow. we're not far from the highs of the day. some hope we can get a modest rally. the vix has really collapsed going into the close. we're near the lows for the week on the vix. some of those closed end funds like pimco, high yield, phk also doing a little better today. finally, i'm going to mention home builders also a doing better on the day. back to...
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Nov 14, 2012
11/12
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john boehner still in the house. you are still at the treasury. the president is back in the office. harry reid is in the senate with more seats -- why should i believe this will end any more positively than the summer of 2011? >> i will not try to talk to about optimism, but let's look at what has changed. you have republican leadership acknowledging relief for the first time in this debate in public that they would agree to increase revenues as part of an agreement to help restore fiscal balance. that is a very important change. you could debate what has motivated that change, and of course it is true that that approach has very popular substantial support among the american people. you have a much greater recognition that the economy would benefit from a carefully designed balanced agreement on fiscal reform. putting that off indefinitely is not good for the country. that is important, too. i think, again, if you listen carefully to what people are saying and what many politicians are saying, there is a lot of consensus on the things that would
john boehner still in the house. you are still at the treasury. the president is back in the office. harry reid is in the senate with more seats -- why should i believe this will end any more positively than the summer of 2011? >> i will not try to talk to about optimism, but let's look at what has changed. you have republican leadership acknowledging relief for the first time in this debate in public that they would agree to increase revenues as part of an agreement to help restore...
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Nov 14, 2012
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both for president obama and for the house majority leader boehner. mitch mcconnell at least in public he tendses to look at president obama like a hitchhiker with pets or something. he doesn't want anything to do with him. if he continues to hold it, his first statement election night after president obama won, to say the least not very generous. >> not quite bipartisan. >> if mcconnell holds to that line, then big trouble for the obama agenda and for what boehner and others hoped to accomplish and big trouble for the country. some things you feel congress is so out of touch, i don't know how they could be after this election but, you know, there's out of date as these belt and slacks men used to wear. >> the metaphors are beautiful. >> belts and slacks. >> i love it. >> but i actually think there is a lot of truth there, which is they have the lowest approval rating historically. the obstructionism i don't think you can play it again for another two years. >> i think this is one where the members of the republican caucus in the senate have to let th
both for president obama and for the house majority leader boehner. mitch mcconnell at least in public he tendses to look at president obama like a hitchhiker with pets or something. he doesn't want anything to do with him. if he continues to hold it, his first statement election night after president obama won, to say the least not very generous. >> not quite bipartisan. >> if mcconnell holds to that line, then big trouble for the obama agenda and for what boehner and others hoped...
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Nov 14, 2012
11/12
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john boehner shouldn't have a press conference. get john boehner at a small group of congressman together and say what can we work out? all we're doing is playing politics, everybody will get locked into one position or another, let's see what we can work out and then announce it is something we have agreed upon. that is the way you do it, instead you'rsteadier quebec thy politics that didn't produce what we needed to have. neil: what worries me is this hope is dashed. >> they should have put together a bipartisan group, all they're doing is put on defensive by the self-interest groups they are meeting with. does not make much sense. neil: they made it very clear, nothing from us. and he owes them, right? >> they got him reelected. neil: time is urgent, time to say time is wasting. >> who didn't have to completely ignore the political thank you, but if you sttrted off and have a couple of meetings with the leaders of the democrats in the house and the republicans in the house and in the senate, and do it on a bipartisan basis. the
john boehner shouldn't have a press conference. get john boehner at a small group of congressman together and say what can we work out? all we're doing is playing politics, everybody will get locked into one position or another, let's see what we can work out and then announce it is something we have agreed upon. that is the way you do it, instead you'rsteadier quebec thy politics that didn't produce what we needed to have. neil: what worries me is this hope is dashed. >> they should have...
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Nov 12, 2012
11/12
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chris: will paul ryan join john boehner, the speaker, in trying to work out a deal? or he will be a rejectionist and set up the big rebel flag and say i'm going to be the die-hard? >> no one knows the answer to that question. that is yet to be seen. paul ryan is in a terrible situation. he can choose to do the right thing or he can decide, you know, he's obviously running for president in 2016, or he can decide to be the holdout and to be the rejectionist. president obama is lucky to have john boehner on the other side that have table because john bainer is not a crazy person. and he can work a deal. right now he simply does not have the votes. but -- again, the president does have to lead here. he has to bring something to the table. he has to be willing to give some that so that john boehner can bring his people to the table, too. but he can deliver. he's been mischaracterized i think. it's convenient for the white house to say, oh, boehner can't get his people behind him. boehner always gets his people behind him but the president has to bring something forward. c
chris: will paul ryan join john boehner, the speaker, in trying to work out a deal? or he will be a rejectionist and set up the big rebel flag and say i'm going to be the die-hard? >> no one knows the answer to that question. that is yet to be seen. paul ryan is in a terrible situation. he can choose to do the right thing or he can decide, you know, he's obviously running for president in 2016, or he can decide to be the holdout and to be the rejectionist. president obama is lucky to have...
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Nov 16, 2012
11/12
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he meets with harry reid, mitch mcconnell, john boehner and in an say palau and i. in an say pelosi. speaking on on thursday, simpson and bowles said washington hasn't been able to resolve the fiscal cliff because lawmakers haven't been focused on what's right for the country. >> leaders think it would be to their advantage to go off the fiscal cliff. what a wonderful trait that is, that we can win more as democrats if we let it go or more as complains. people are sick of that and they're ashamed of it. >> if we do get our house in order, future of america is really bright. if we don't, we're well on our way it to becoming a second rate power. >> bowles sees a one third chan of a deal during the lame duck session of congress. a one third chance nothing gets done and the economy moves into chaos. let's hear in michael gurhka. the economy moving in to chaos, is that why we're seeing this market action? >> i'm not surprised because on the equity side, it's always about confidence and right now a lot of politicians have not given the market any confidence whatsoever. so
he meets with harry reid, mitch mcconnell, john boehner and in an say palau and i. in an say pelosi. speaking on on thursday, simpson and bowles said washington hasn't been able to resolve the fiscal cliff because lawmakers haven't been focused on what's right for the country. >> leaders think it would be to their advantage to go off the fiscal cliff. what a wonderful trait that is, that we can win more as democrats if we let it go or more as complains. people are sick of that and they're...
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Nov 14, 2012
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does john boehner have the votes to match that? >> the white house figures he will portray himself as the chapel yofnt middle class and the republicans are going out for the rift and he feels he can largely beat hem into submission. when they sit down to the bargaining table they might make some changes but he will want to come out of these negotiations as having largely won them and leaving scraps for the republicans. what the republicans have to hit back with is the way you increase revenues is by having rising incomes. you don't get that by higher taxes on a weakening economy. bill: the president plans to open the talks using his most recent budget proposal. wasn't that the budget that got zero votes in the senate? >> he's going to exploit it for all it's worth. you could come to an agreement using bowles and simpson and reducing rates so everyone declares victory. you have got more revenue but the rates don't go up. but i don't think the president is interested in that. if you had normal people doing this. this president web ma
does john boehner have the votes to match that? >> the white house figures he will portray himself as the chapel yofnt middle class and the republicans are going out for the rift and he feels he can largely beat hem into submission. when they sit down to the bargaining table they might make some changes but he will want to come out of these negotiations as having largely won them and leaving scraps for the republicans. what the republicans have to hit back with is the way you increase...
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Nov 17, 2012
11/12
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tomorrow is house speaker boehner's birthday. for those of you who want to wish him a happy birthday, we are not going to get him a cake because we did not know how many candles we would need. [laughter] >> thank you. >> thank you. >> following the meeting, house and leaders spoke briefly to reporters. >> good morning, everyone. we just had a meeting with the president to talk about america posted fiscal problems. i outlined a framework that deals with reforming our tax code and reforming our spending. i believe the framework that i have outlined in our meeting today is consistent with the president's call for a fair and balanced approach. to show our seriousness, we have put revenue on the table as long as it is accompanied by significant spending cuts. we are going to continue to have that on the table to show the american people that we are serious about cutting spending and solving our fiscal dilemma. i believe that we can do this and avert the fiscal cliff. >> this is not the first time we have dealt with these issues. we fe
tomorrow is house speaker boehner's birthday. for those of you who want to wish him a happy birthday, we are not going to get him a cake because we did not know how many candles we would need. [laughter] >> thank you. >> thank you. >> following the meeting, house and leaders spoke briefly to reporters. >> good morning, everyone. we just had a meeting with the president to talk about america posted fiscal problems. i outlined a framework that deals with reforming our tax...
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Nov 15, 2012
11/12
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boehner are accurate, the dems are moving away from that. the president and the democrats seem to be moving away from that. why do you think that is, and is this important? >> let's assume for a second the president is right and we need $1.5 trillion of revenue. now, i think there's a better way to get there and a different way to get there. the president, you know, i think is open to some of these ideas. but if we're going to have $1.5 trillion worth of revenue, we need about $3.5 trillion worth of real spending cuts. that would come from defense. it would come from entitlement programs. it would come from the other mandatory programs. that's what makes the most sense to take it from because those are the areas that are really growing at an accelerated rate, faster than the rate of growth of health care. i think that's doable. i think we can find the votes to do that because i think the american people are way ahead of the politicians. they realize we got a real problem in this country and we got to fix it. >> what do you think, senator? i
boehner are accurate, the dems are moving away from that. the president and the democrats seem to be moving away from that. why do you think that is, and is this important? >> let's assume for a second the president is right and we need $1.5 trillion of revenue. now, i think there's a better way to get there and a different way to get there. the president, you know, i think is open to some of these ideas. but if we're going to have $1.5 trillion worth of revenue, we need about $3.5...
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Nov 17, 2012
11/12
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>> i think the challenge for boehner. it will be a test for john boehner's leadership to find the votes within his caucus, to meet the president and others halfway. he has got to come halfway. certainly the president has got to come halfway. that's what this is about. >> eliot: i agree with you. the president has already gone halfway. i think they'll end up meeting his number. winning in politics brings consequences. new orleans mayor marc moriel. thank you for coming on the program. i'm joined by the one and only congressman barney frank. congressman, thank you for joining us. >> great to be here. for >> eliot: for all the good well and happy talk is there a deal being framed up right now? >> i don't know. i hope there is. we've known there was substantively, but politically there has to be republicans who understand that sticking with this deficit reduction coming out of domestic programs, and you expand military spending, and you don't increase tax on the wealthy clearly the election said that's not the right way to go
>> i think the challenge for boehner. it will be a test for john boehner's leadership to find the votes within his caucus, to meet the president and others halfway. he has got to come halfway. certainly the president has got to come halfway. that's what this is about. >> eliot: i agree with you. the president has already gone halfway. i think they'll end up meeting his number. winning in politics brings consequences. new orleans mayor marc moriel. thank you for coming on the...
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Nov 12, 2012
11/12
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second, he's rejecting the john boehner approach which is boehner saying i'll agree to revenues as long as they come as a result of economic growth. in other words, we won't legislate changes in taxes. we'll hope that revenues go up. he's saying no, that won't work for me. you're not going to legislate spending cuts. this is the president talking. not legislate revenue changes as well. >> bill: all right. so there are -- the most immediate decision maybe facing the congress is that as you point out, all of the bush tax cuts expire. which means not only the taxes -- tax cuts for the wealthy expire, the tax cuts for those making under $250,000 a year expire as well. so the president said friday all right, the senate has already passed a bill which would give extended tax cutless for the 98%, those making under $250,000. but let the ones for the wealthier people and defined as over $250,000 expire. and he challenged the house of representatives to pass that. what do you think -- so this is a real -- to me, this is like they've got the gun to their head. are you going to pass the tax cut fo
second, he's rejecting the john boehner approach which is boehner saying i'll agree to revenues as long as they come as a result of economic growth. in other words, we won't legislate changes in taxes. we'll hope that revenues go up. he's saying no, that won't work for me. you're not going to legislate spending cuts. this is the president talking. not legislate revenue changes as well. >> bill: all right. so there are -- the most immediate decision maybe facing the congress is that as you...
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Nov 12, 2012
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. >> we will get to the campaign and mitt romney in a minute, but first listen to what john boehner said after the election. >> mr. president, this is your moment. we are ready to be led. not as democrats or republicans, but as americans. let's rise above the this function and do the right thing for our country. >> later john maynard told diane sawyer he is the most reasonable, responsible person -- john boehner told diane sawyer he is the most reasonable, responsible person in washington and the president knows that. the fiscal cliff looms at the end of the year. will we reach a compromise before then, charles? >> i do not think it will be a comprehensive compromise. i think they will be able to patch something together. i think they will be able to agree on it true tax reform sometime next year. i think they will get passet the cliff if -- the cliff. if he insists on raising rates, he will be stymied. >> what is the message? >> it is a mixed message. i think we all agree the corner stone of the president from message is we raise taxes on those earning over $250,000. mitt romney pledged
. >> we will get to the campaign and mitt romney in a minute, but first listen to what john boehner said after the election. >> mr. president, this is your moment. we are ready to be led. not as democrats or republicans, but as americans. let's rise above the this function and do the right thing for our country. >> later john maynard told diane sawyer he is the most reasonable, responsible person -- john boehner told diane sawyer he is the most reasonable, responsible person...
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Nov 13, 2012
11/12
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john boehner wants to find common ground. and even sean hannity is trying to shift to the middle. >> we have to get rid of the immigration issue all together. it's simple. you control the border first. you create a pathway for those that are here. you don't say you have to go home. and that's a position i have evolved on. because you know what, it's got to be resolved. the majority of people here, some have criminal records, you can send them home. but if they are law-abiding, kids are born here, first secure the border, pathway to citizenship, done. whatever little penalties you want to put in there. then it's done. >> pathway to citizenship, done. where was all this talk before the election? you see this is all about getting votes. it's not coming from the heart. reforming immigration policy is a huge risk for the republicans. they could alienate their base. there's no guarantee they will win the latino vote in the long run. let's turn to ruy teixeira. great to have you with us. >> delighted to be here. >> you predicted thi
john boehner wants to find common ground. and even sean hannity is trying to shift to the middle. >> we have to get rid of the immigration issue all together. it's simple. you control the border first. you create a pathway for those that are here. you don't say you have to go home. and that's a position i have evolved on. because you know what, it's got to be resolved. the majority of people here, some have criminal records, you can send them home. but if they are law-abiding, kids are...
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Nov 14, 2012
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boehner has been ee re-elec. what about mitch mcconnell. he sounds as object strucktive as he has over the last four years. what's going to happen to him? >> i went to his photo op yesterday where he unveiled new members of the republican freshman class. they could have had that in a broom closet because there were only three of them and they were sitting there nodding their heads and grinning for the cameras. is he going to play the bad cop here. i mean, boehner at some point is going to be in a position of actually having to lead. mcconnell can still be, because he's in the minority, can still be -- well, he can't make it his top priority to defeat obama but he can make it a top priority to defeat all of obama's policies. >> wouldn't it be great if they actually worked together? >> it's important to keep in mind john boehner is an old school guy willing to cut deals and be reasonable and compromise. now, the question is whether or not with eric cantor and the rest of the leadership kind of eyeing him how far he'll be able to go. but boehn
boehner has been ee re-elec. what about mitch mcconnell. he sounds as object strucktive as he has over the last four years. what's going to happen to him? >> i went to his photo op yesterday where he unveiled new members of the republican freshman class. they could have had that in a broom closet because there were only three of them and they were sitting there nodding their heads and grinning for the cameras. is he going to play the bad cop here. i mean, boehner at some point is going to...
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Nov 16, 2012
11/12
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[applause] >> your advice to the president and speaker boehner? >> compromise and do the right thing. the solution is out there. let's get with it. now is the magic moment. it's our responsibility. >> with that i want to thank both you. we're out of time here. in fact, i'm going to rush over to a bloomberg television camera to take a look at more of your time. the conversation will continue here at this summer. thank you all of you for joining us. thank you to the two of you. >> thank you. >> again, appreciate your work as well. we will be right back in just a moment as we continue here at this fiscal summit. [applause] [inaudible conversations] >> [inaudible conversations] >> [inaudible conversations] >> ladies and gentlemen, please welcome the president of the peter g. peterson foundation, michael peterson. [applause] >> while politics is often centerstage, policy and substance will form the basis of many fiscal agreement. we at the peterson foundation believe that the mortgages and the more solutions brought to the table, the better. out initia
[applause] >> your advice to the president and speaker boehner? >> compromise and do the right thing. the solution is out there. let's get with it. now is the magic moment. it's our responsibility. >> with that i want to thank both you. we're out of time here. in fact, i'm going to rush over to a bloomberg television camera to take a look at more of your time. the conversation will continue here at this summer. thank you all of you for joining us. thank you to the two of you....
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Nov 18, 2012
11/12
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. >> president obama and house leader john boehner before him sounding somewhat positive on working out a plan to divert the fiscal cliff. they met in person at the white house on friday, along with house minority leader nancy pelosi and senate majority leader harry reid and minority leader senator mitch mcconnell. jeff, it seems like the media are poised to blame republicans if the deal falls apart. >> if you look at the polling, over half the country believes it's the g.o.p.'s fault if this deal falls apart. why that? the democrats and the president himself have done an effective job of essentially trashing republicans saying that this whole, the reason that there's a, you know, there isn't a deal in the first place, because it's their fault and that's not true. it's both parties that did this and the president particularly not showing leadership and kicking the can down the road and creating a super committee. the media is not covering this correctly at all. reporting that the president want a deficit package. 1 trillion from tending the war and that's going to happen and another tri
. >> president obama and house leader john boehner before him sounding somewhat positive on working out a plan to divert the fiscal cliff. they met in person at the white house on friday, along with house minority leader nancy pelosi and senate majority leader harry reid and minority leader senator mitch mcconnell. jeff, it seems like the media are poised to blame republicans if the deal falls apart. >> if you look at the polling, over half the country believes it's the g.o.p.'s...
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Nov 18, 2012
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you know, when john boehner appears, they say are you willing to accept higher rates. no one says what are you going to do about entitlements or anything, there's no question of the president whether he will compromise and what that would look like. >> paul: steve, what do you think the republicans ought to do here? is there a way out for them or are they going to be pushed back into a corner where they have no choice, but to concede that they have to raise tax rates or else go over the cliff and get blamed for that? >> well, it's a tough situation for them. there's no question about it because as you know, the default position, if we don't do anything is for the taxes to go up on everybody on january 1st, and that's something i think both sides want to avoid. it's very interesting, the thing that happened this week to start the week, was who was the first person that barack obama met with in the white house since his election, the labor unions, the labor block, that tells a lot who is driving policy at least at the start of the second term? and the labor unions basica
you know, when john boehner appears, they say are you willing to accept higher rates. no one says what are you going to do about entitlements or anything, there's no question of the president whether he will compromise and what that would look like. >> paul: steve, what do you think the republicans ought to do here? is there a way out for them or are they going to be pushed back into a corner where they have no choice, but to concede that they have to raise tax rates or else go over the...
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Nov 19, 2012
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the speaker of the house john boehner says that he backed away from an agreed compromise on raising the debt limit. an article in "the new york times" magazine tends to support that charge the reason he painted a picture of obama standing firm and the negotiations as the apparent requirement for the resolution of the legislation approaches the end as it appears that even more are being forecast for the next congress if it will take an unusually skillful second term president to deliver solutions to the financial problems facing the nation. if the task rests on the shoulders of barack obama will he emulate wells and who wouldn't compromise or would he like eisenhower? regan, clinton and washington figured out how to win against the odds. of course to achieve the accommodation in congress he would need a lyndon johnson, tip o'neill or new gingrich to lead the congress majority that would follow. so what specifically what i recommend that he would do to avoid the challenges of the second term? he should appoint an intermediary with the skills of simpson-bowles to work with the congress on
the speaker of the house john boehner says that he backed away from an agreed compromise on raising the debt limit. an article in "the new york times" magazine tends to support that charge the reason he painted a picture of obama standing firm and the negotiations as the apparent requirement for the resolution of the legislation approaches the end as it appears that even more are being forecast for the next congress if it will take an unusually skillful second term president to...
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Nov 15, 2012
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so they look ahead, they see 2010 and think if taxes do go up for the middle class, it will be john boehner, and the republicans to take the blame. >> well, that may be but who is it going to play that kind of bluffing game with the debt ceiling because that's when you really risk tremendous market reactions and peril. i know you talked about david petraeus, and the whole foreign policy issue last night on charlie, martha, but do you-- t me ask you again, do you take seriously the notion that john kerry could be defense secretary? >> i think that was a trial balloon. >> you do? >> i 19, clearly both of those stories were trial balloons. president obama, obviously, took it a little further, quite a bit further today talking about susan rice. it was no longer a trial balloon. but i think john kerry-- you know, is that a consolation prize? i think he's probably always wanted to be secretary of state. i'm not sure how that would go over at the pentagon. i mean, when you talk abo someon goi into-- as secretary of state, who maybe doesn't have the experience that some people want. i think on the
so they look ahead, they see 2010 and think if taxes do go up for the middle class, it will be john boehner, and the republicans to take the blame. >> well, that may be but who is it going to play that kind of bluffing game with the debt ceiling because that's when you really risk tremendous market reactions and peril. i know you talked about david petraeus, and the whole foreign policy issue last night on charlie, martha, but do you-- t me ask you again, do you take seriously the notion...
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Nov 16, 2012
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. >> is that the big onus on john boehner? >> i think it is the onus on all of the negotiators. it's all of them at this point. because that's where the spotlight is. yeah. it's going to be quite a task. we saw that when this happened the last time. it's going to come right up to the line. i think we might be here late december. >> the drama will take us through the end of the year. our power panel, jackie kucinich, blake, robert, thanks to all three of you. >>> up next i'll talk with someone who was in this morning's closed door hearing with general petraeus, republican congressman tom rooney will join the show. what do you think about today's testimony? tweet me your comments at thomas a. roberts. we're back after this. [ male announcer ] when was the last time something made your jaw drop? campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. and you learned something along the way. this is the age of knowing what you're made of. so, why let
. >> is that the big onus on john boehner? >> i think it is the onus on all of the negotiators. it's all of them at this point. because that's where the spotlight is. yeah. it's going to be quite a task. we saw that when this happened the last time. it's going to come right up to the line. i think we might be here late december. >> the drama will take us through the end of the year. our power panel, jackie kucinich, blake, robert, thanks to all three of you. >>> up...
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Nov 15, 2012
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john boehner initially said, listen, president, it's time fur to lead. that's what you saw in that press conference, the president saying look at the map, look at my victory and get what and, oh, yeah, guess what, i've won. >> we've officially renamed the fiscal cliff the fiscal curb. it's a little step down and you keep taking the steps so by the time you goat march or april, there's something significant happening but not right away. but there's a tricky thing here. both sides want to call it a cliff because both sides need drama in order to drive the urgency of their position but i'm wondering if at some point the president doesn't soften this as we get into late december and start to say to people, well, on the first week of january, you're going u just going to see a little step. and we will have time to fix it retroactively. >> i think that's probably what you will hear. i think ultimately this is going to be some kind of compromise. the fiscal cliff, it would be about $6 hup billion worth of tax cuts. i think it is going to be softened. there are
john boehner initially said, listen, president, it's time fur to lead. that's what you saw in that press conference, the president saying look at the map, look at my victory and get what and, oh, yeah, guess what, i've won. >> we've officially renamed the fiscal cliff the fiscal curb. it's a little step down and you keep taking the steps so by the time you goat march or april, there's something significant happening but not right away. but there's a tricky thing here. both sides want to...
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Nov 20, 2012
11/12
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boehner, and company, they're talking about that last time around. >> your tax pledge as between the representatives and the people but you are seen as the umpire or arbiter. if there is a net increase in taxes, as an arbiter would you say it is in violation of the pledge and are you worried by the words you are hearing from speaker boehner? are they talking to -- talking about a net increase or our people hearing it wrong? >> he said he is in favor of revenues come from growth and series spending restraint. -- serious spending restraint. one number that does not pittosporum is the cbo says if you grow at 4% a year -- congressional budget office -- they do static modeling. a whole bunch of things i think and this is the case for how important growth is and how to get it, but their number, if you grow 4% a year, reagan numbers, instead of 2% a year, france's last 20 years or obama's i point, you do that for a decade 2% additional growth, the federal government nets' $5 trillion more than it would have because more people working. if at this point from the bottom of recession, if obama
boehner, and company, they're talking about that last time around. >> your tax pledge as between the representatives and the people but you are seen as the umpire or arbiter. if there is a net increase in taxes, as an arbiter would you say it is in violation of the pledge and are you worried by the words you are hearing from speaker boehner? are they talking to -- talking about a net increase or our people hearing it wrong? >> he said he is in favor of revenues come from growth and...
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Nov 12, 2012
11/12
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boehner still doesn't control his caucus. we don't have to ask what the american people wanted. president obama ran on an explicit program of raising taxes on top earners. and boehner is still talking about the romney plan, mess around with loopholes and take away loopholes from top earners. that was romney's plan and romney lost. the president holds the cards here. the world won't come to an end on january 1st if all the rates expire. it's more of a curve. i think we can afford to go off it. >> we'll see. as we quickly approach it. my thanks to the power panel today. i really appreciate your time today. >>> coming up next, a bipartisan plan to fix the nation's debt. the co-chairs are going to join me, ed rendell and former new hampshire senator judd gregg will join me to talk about this. we want to know what you think. should general petraeus have resigned? tweet me your thoughts about this or find me on facebook. oun] today, jason is here to volunteer to help those in need. when a twinge of back pain surprises him. morning starts in high spirits, but there's a growing pain in
boehner still doesn't control his caucus. we don't have to ask what the american people wanted. president obama ran on an explicit program of raising taxes on top earners. and boehner is still talking about the romney plan, mess around with loopholes and take away loopholes from top earners. that was romney's plan and romney lost. the president holds the cards here. the world won't come to an end on january 1st if all the rates expire. it's more of a curve. i think we can afford to go off it....
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Nov 13, 2012
11/12
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john boehner says we will talk more tax revenue in an overall tax system but we won't discuss without entitlement reform. that is the key for republicans. they will do tax revenue but it has got to be part of an overhaul of the tax system and has to involve medicare, medicaid and social security. exactly what, folks. but white house don't want to. melissa: leaders in d.c. are scrambling to figure this out but our first guest says he really does fear we're going to hit the fiscal cliff. think of while e. coyote and the acme parachute. scott hodge is president of the tax foundation. you are well known for innovative ideas on tax policy. in the 1990s you campaign to include a child credit in capital gains tax cuts. what is your best idea this time around? >> the best idea right now is for everybody to take a deep breath and pumped into next year. all the tax cuts should be extended for one more year to give congress and the white house some extra time to get off of their political posturing and make a rational deal between them. this is the worst time of year to make some sort of deal. t
john boehner says we will talk more tax revenue in an overall tax system but we won't discuss without entitlement reform. that is the key for republicans. they will do tax revenue but it has got to be part of an overhaul of the tax system and has to involve medicare, medicaid and social security. exactly what, folks. but white house don't want to. melissa: leaders in d.c. are scrambling to figure this out but our first guest says he really does fear we're going to hit the fiscal cliff. think of...